This blog originally founded by Blogger who holds a theological degree and a doctorate in Counseling Psychology. Taught Psychology for 32 years and is now Professor Emeritus. Is a board-certified psychologist and was awarded the Lifetime Achievement Award in his profession. Ministered as a chaplain, and pastored Baptist and Episcopal churches. Publications cover the integration of psychology and theology. Served in the Army, the Merchant Marines and the Peace Corps.

Monday, March 16, 2009

No Taxation Without Deliberation


TEA TIME

13 comments:

Liberal POV said...

Blogger

What are your complains on Obama's zero capital gains tax for small businesses?

Reader said...

I don't think small businesses pay capital gains lib. Obama is still exhibiting his ignorance of small-business and economic issues.

I think what you're seeing is the word ZERO, which mean zero to small business owners.

No complaints, just facts.

Liberal POV said...

Reader


What about a Rental Complex or Real Estate the business is located on?

Sarkazein said...

Reader

This will be fun, watching Obama and POV discussing small business.
Remember when Obama used the term "revenue" of $250K when describing the rich small business owner.
Not bad if your total overhead/inventory is $1.00 per year.
You talk about OJT, can we afford it?

Faulkes2 said...

It's about time businesses shouldered their weight in taxes. The burder of responsibility needs to be shifted upward.

oatz said...

I wonder if this will make NBC, John Stewart comments?


Obama Received a $101,332 Bonus from AIG
March 17, 3:01 PM · 405 comments
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AP Photo/Ron Edmonds

Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.

The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.

The Washington Post reports a "mob effect" at A.I.G financial products division:

A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.

With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears.

Now that the Wall street Journal has revealed that A.I.G. paid bonuses of $1 million or more to 73 employees, it's time to ask if recipients of A.I.G. "bonuses," including President Obama, will give what now ought to be taxpayer money back?

oatz said...

Here's more...


Contributions to Obama Campaign Track Bailout Money

Posted By Bob Owens On March 17, 2009 @ 11:31 am In Legal, Money, Politics, US News | 57 Comments

Barack Obama’s lack of leadership in a down economy has now hit [1] crisis proportions, as his claimed inability to block millions of dollars in bonuses for executives of bailout recipient AIG has caused even his supporters to turn on him.

But while the ire of Congress and the media focus are on the $165 million that AIG paid out in bonuses to their executives, the president is hoping you won’t notice the $100 billion in taxpayer bailout dollars that AIG paid out to other banks, including $58 billion to foreign banks and [2] $36 billion given to French and German banks alone.

The Obama administration is allowing AIG to bail out the rest of the world with your tax dollars.

So by all means, the president is happy to have you railing at “evil” but relatively small potatoes AIG executive bonuses, as it points your outrage away from his own far more costly executive abuses.

And of course, the re-distributor-in-chief hopes you won’t notice where much of the rest of the AIG bailout cash is being spent.

While $58 billion of your tax dollars — or more accurately, your children’s tax dollars — are being used to pay foreign banks, a substantial portion of that money ($43.5 billion) is being used to pay American banks, including Goldman Sachs, Merill Lynch, Bank of America, Citigroup, Wachovia, Morgan Stanley, AIG International, and JP Morgan.

The following recipients of President Obama’s trickle-down-to-my-donors bailout plan rank among his top 20 contributors to his 2008 presidential election campaign, according to [3] Open Secrets:

Goldman Sachs: $955,473

Citigroup: $653,468

JP Morgan Chase & Co.: $646,058

Morgan Stanley: $485,823

Three other banks that were significant contributors to Obama received money through AIG:

Bank of America: $274,493

Wachovia: $214,151

AIG: $112,170

Lehman Brothers, which did not survive long enough to join the list of banks leaching off the work of the American taxpayer, also gave the Obama campaign [4] $276,088.

Individuals identifying themselves as working for the banks above gave Barack Obama’s presidential campaign $3,617,724. In other words, more than 3.6 million reasons for the president to help focus the media’s glare on the relatively minuscule $165 million in AIG executive bonuses, and away from their $43.5 billion portion of $100 billion of taxpayer dollars the administration, by design or incompetence, filtered to other banks through AIG.

In receiving $43.5 billion for their investment of just over $3.3 million, it looks like the banks that gambled on Wall Street certainly got their money’s worth out of their investment in Barack Obama.

Pocket said...

It's JON Stewart, stupid! Need a teleprompter for that?

Pocket said...

Oatz:

PS: You DO need to get a life!

Reader said...

Anyone seen this? I read the last two comments and well...The title to this video is true.

http://www.youtube.com/watch?v=42E2fAWM6rA

Wolf's Head said...

Perhaps we should progress from Tea Parties to Necktie Parties for gov't officials.

Oatz said...

Oh I see the "H" is silent like in Barak Hussein Obama huh POCKET pool your thoughts with Liberal POV.

Pocket said...

Hey there, Oatz:

Trying to get in on Wolfie's Tea Bag Party? Take a number, please.